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Date: 2 months ago   Category: Finances

VTB buys Vozrozhdeniye bank

The board of directors of VTB has made the decision on acquisition of 85% of stocks of Vozrozhdeniye and repayment of the remained 15% at minority shareholders. According to the head of bank Andrey Kostin, VTB expands coverage of clients in some regions at the expense of small banks of the Photo: Anton buys by Novoderezhkin/TASS of VTB Vozrozhdeniye bank. Before him Dmitry Ananyev, the former owner of the sanified Promsvyazbank controlled. The board of directors of VTB has made the decision on acquisition of 85% of stocks of Vozrozhdeniye and redemption of the remained 15% of stocks at minority shareholders. As it is noted in the message of VTB, purchase will be carried out "at the price not above defined on the basis of the report of the appraiser". The sum doesn't reveal. Why VTB purchase of Vozrozhdeniye bank, the head of VTB Andrey Kostin explained in Business FM interview within East economic форума: — you know, we don't buy big banks now. At us is now in mind three-four small banks, and all together make a small share of absolutely banking market. But we consider that we have such regional points where we are more weakly presented, than in other regions, or, of course, than in Moscow, certainly. The Moscow region concerns them, by the way, we there seriously lose to our competitors on business volume. In this plan, let us assume, the Vozrozhdeniye bank is, in my opinion, about 700 thousand clients, natural persons, this large number of small and medium business. Here we small such injections or impregnations, probably, will look at small banks where we can receive rather serious position at once. We when bought long ago still, in the 2006th or 2005th, Promstroibank in St. Petersburg, it has allowed us to occupy the share comparable to Sberbank, due to purchase of this bank at once. Plus the bank was local. You know, Petersburgers, they have such, they very much loved this Promstroibank. And we managed to keep all this: clients and other. And then we in Russia are ready to extend, I have told already about it that it is just our main territory today. We, maybe, are accurate more today in development of our international network, especially in the West. — Even you there gradually turn. — We turn and. And in Russia year successful. I already spoke, our profits grow, business grows. On Tuesday the Arbitration court of Moscow has released 36% of bank shares Vozrozhdeniye. They have been arrested in the claim of temporary administration of Promsvyazbank to ten foreign companies, including the Netherlands Promsvyaz Capital through which Dmitry and Alexey Ananyevy controlled bank earlier. The court has satisfied the petition for arrest removal after VTB has provided guarantees for 4 billion rubles. To add to your sources of news?



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